The U.S. Department of Justice and federal prosecutors in New Jersey have dropped their case against Matthew Goettsche, who was formerly accused of originating a $722 million cryptocurrency fraud scheme for which several of his alleged co-conspirators have already pled guilty.
Law360
New Jersey
WEDNESDAY, JULY 29, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

DOJ Drops Charges In $722M 'BitClub' Crypto Ponzi Case

By Matthew Santoni

The U.S. Department of Justice and federal prosecutors in New Jersey have dropped their case against Matthew Goettsche, who was formerly accused of originating a $722 million cryptocurrency fraud scheme for which several of his alleged co-conspirators have already pled guilty.

2 documents attached | Read full article » | Save to favorites »

NJ Nursing Home On Hook For Hypothermia Death Verdict

By Y. Peter Kang

A New Jersey appellate panel on Tuesday affirmed a $450,000 jury verdict against a nursing home accused of negligently keeping a resident's room like an "icebox," which caused her death from hypothermia, saying the verdict was supported by sufficient evidence.

Opinion attached | Read full article » | Save to favorites »

UPPAbaby Beats Suit Over Infant Car Seat Defect Claims

By Jonathan Capriel

Baby equipment maker UPPAbaby has for the time being avoided a grandmother's proposed class action claiming its infant car seats are dangerously defective, after a New Jersey federal judge dismissed her claims as unsupported "assumptions."

Opinion attached | Read full article » | Save to favorites »

Montgomery McCracken Must Face Suit Over NJ College Move

By Carla Baranauckas

A New Jersey state judge on Tuesday declined to dismiss Rider University's lawsuit alleging Montgomery McCracken Walker & Rhoads LLP's negligence caused it to forfeit a property worth $42 million, ruling from the bench that the school adequately alleged it relied on guidance from one of its attorneys.

Motion attached | Read full article » | Save to favorites »

AT&T Whistleblower Told To Cut Facts From Ethics Case Filing

By Sue Reisinger

Former AT&T in-house counsel and whistleblower Theodore Marcus has been asked to delete part of his response to professional misconduct charges pending against him in Washington, D.C., because the filing allegedly contains privileged information.

Read full article » | Save to favorites »

Troutman Amin Accused Of Overbilling, Fraud Over TCPA Row

By Ryan Boysen

A New Jersey solar panel company claims Troutman Amin LLP — which bills itself as the foremost telemarketing defense firm in the country — charged $200,000 to fight a case that could have been settled for $80,000.

Complaint attached | Read full article » | Save to favorites »

LITIGATION

Judge Pares Suit Challenging Empire Wind Project

By Keith Goldberg

A D.C. federal judge has trimmed a lawsuit contesting federal approvals for a wind farm off the New York and New Jersey coasts while preserving claims that the government wrongly allowed the project to harm migratory bottlenose dolphin populations.

Opinion attached | Read full article » | Save to favorites »

Teva Can't 'Literally Whine' Of Being Held To DOJ Admissions

By Bryan Koenig

A Pennsylvania federal judge has taken Teva to task for trying to avoid being held to its admissions of price-fixing in a $225 million settlement with the U.S. Department of Justice, ruling that Humana can use those admissions in one of the first bellwether trials in sprawling multidistrict litigation.

Opinion attached | Read full article » | Save to favorites »

THIRD CIRCUIT

3rd Circ. Upholds Alecto Health's Small-Biz Ch. 11 Plan

By Emlyn Cameron

The Third Circuit affirmed Tuesday that hospital owner Alecto Healthcare Services' streamlined Chapter 11 and the resulting plan confirmation withstood an appeal by a creditors' group.

Opinion attached | Read full article » | Save to favorites »

LEGAL INDUSTRY

Trader In BigLaw Deal-Tipping Scheme To Plead Guilty

By Chris Villani

A Florida resident is set to plead guilty to his alleged role in a sweeping scheme to trade on insider information about impending acquisitions that was stolen from major law firms, according to a court filing Tuesday.

Motion attached | Read full article » | Save to favorites »

Simpson Thacher Stock Work Hurt 2 Companies, Jury Told

By Madison Arnold

The chief financial officer for an insurance company told a Florida jury Tuesday that a stock drop for Patriot National Inc. — which is suing Simpson Thacher & Bartlett LLP for malpractice for allegedly putting together a shoddy securities offering — dramatically affected his own business as well.

Read full article » | Save to favorites »

1st Circ. Asked To Save Mayer Brown $21M Fee Bid In RI Suit

By Linda Chiem

The American Trucking Associations told the First Circuit that its attorneys at Mayer Brown LLP reasonably justified their request for $21 million in fees and costs after securing "substantial" wins in long-running litigation over Rhode Island's truck tolling program, disputing a district court's determination that the trucking trade group wasn't actually a "prevailing party."

Brief attached | Read full article » | Save to favorites »

Winston Taylor Seeks Sanction Against Ex-Client Hunter Biden

By Rae Ann Varona

Winston Taylor urged a D.C. state court on Monday to sanction its former client Hunter Biden in its legal bills collection suit, saying the former president's son destroyed Signal communications that would have proved he understood that he owes the law firm more than $50,000.

2 documents attached | Read full article » | Save to favorites »

Court Is In Session Whenever A Judge Says It Is, 6th Circ. Told

By Susan Smiley

Court is wherever and whenever a judge says it is, counsel for a Detroit judge told a Sixth Circuit panel Tuesday, arguing that subjecting a student to a mock arrest and trial because she fell asleep during a field trip was within his jurisdiction.

Memorandum attached | Read full article » | Save to favorites »

Senate Confirms Jay Clayton As National Intelligence Chief

By Madeline Lyskawa

The U.S. Senate voted Tuesday to confirm Jay Clayton as director of national intelligence, two weeks after Clayton, the former U.S. attorney for the Southern District of New York, refused to answer who he thought won the 2020 election during his confirmation hearing.

Read full article » | Save to favorites »

Queens Defenders Head Gets 3.5 Years For Looting The Nonprofit

By Pete Brush

A Brooklyn federal judge on Tuesday sentenced the former director of the Queens Defenders to more than 3.5 years in prison after the longtime attorney admitted to a course of embezzlement that destroyed the group dedicated to legal services for the poor.

5 documents attached | Read full article » | Save to favorites »

Promo that reads Supreme Court Term in Review. What You Need to Know. With a photo of the Supreme Court underneath gray blue promo that reads Law360 Pulse Lawyer Satisfaction Survey

LAW FIRMS IN TODAY'S NEWS

Adler Pollock

ArentFox Schiff

Bracewell LLP

Burns Charest

Clark Hill

Clark Smith Villazor

Conrad & Scherer

Cooper Levenson

Dughi Hewit

Eckert Seamans

Fieger Law

Goodwin Procter

Jones Walker LLP

Kantrowitz Goldhamer

Kasowitz LLP

Latham & Watkins

Lowey Dannenberg

Mayer Brown

Montgomery McCracken

Morris James

Morrison & Foerster

Perkins Law

Perkins Law Group PLLC

Procaccini Law Group

Schenck Price

Schneider Wallace

Sidley Austin

Simpson Thacher & Bartlett

Smith Krivoshey

Stearns Weaver

Stember Cohn

Troutman Amin

Williams & Connolly

Winston Taylor

COMPANIES IN TODAY'S NEWS

AT&T Inc.

Air Force One

American Trucking Associations Inc.

Brooklyn Defender Services

Citrix Systems Inc.

Cottrell Inc.

Cumberland Farms Inc.

Enstar Group Ltd.

Equinor ASA

Glenmark Pharmaceuticals Ltd.

Humana Inc.

Johnson & Johnson

Momenta Pharmaceuticals Inc.

Patriot National Inc.

Poshmark Inc.

Sandoz International GmbH

Sharp Corp.

Teva Pharmaceutical Industries Ltd.

The District of Columbia Bar

YouTube Inc.

iRobot Corporation

GOVERNMENT AGENCIES IN TODAY'S NEWS

Federal Communications Commission

Federal Housing Finance Agency

National Marine Fisheries Service

New Jersey Court

New Jersey Supreme Court

Office of the Director of National Intelligence

Rhode Island Department of Transportation

Rhode Island Turnpike and Bridge Authority

U.S. Attorney's Office for the District of Massachusetts

U.S. Attorney's Office for the District of New Jersey

U.S. Attorney's Office for the Eastern District of New York

U.S. Bankruptcy Court for the District of Delaware

U.S. Court of Appeals for the First Circuit

U.S. Court of Appeals for the Third Circuit

U.S. Department of Commerce

U.S. Department of Justice

U.S. District Court for the District of Columbia

U.S. District Court for the District of Delaware

U.S. District Court for the District of Massachusetts

U.S. District Court for the District of New Jersey

U.S. District Court for the District of Rhode Island

U.S. District Court for the Eastern District of New York

U.S. District Court for the Eastern District of Pennsylvania

U.S. District Court for the Southern District of New York

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Senate Select Committee on Intelligence